A US Exporter Sells to a Broad Range of Foreign

question 25

Multiple Choice

A US exporter sells to a broad range of foreign markets but feels that there are major import markets that US-based companies do not yet service. The exporter should check out which of the following data sources:

• A) The national trade data base
• B) The global yellow pages
• C) The United Nations Trade Data Yearbook volume 2
• D) Its national industry association statistics

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Definitions:

Debiting

The act of recording an entry on the left side of an account, indicating an increase in assets or expenses or a decrease in liabilities, equity, or revenue.

Alphabetical Order

A method of sorting by arranging items according to the sequence of the letters in the English alphabet.

Accounts Payable

Liabilities or amounts owed by a business to its creditors or suppliers for goods or services that have been received but not yet paid for.

T Account

The simplest form of an account, which consists of an account title, a debit side, and a credit side.